ABILITY AS: årsregnskap 2012 vs 2011
Grew 110% on revenue
approved 2013-05-28; registry 2013-06-25; journal 2013 484185
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABILITY AS. Revenue -989.8k NOK → 98.7k NOK (+110.0%). Equity -41.6k NOK → -139.2k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABILITY AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from -989.8k NOK to 98.7k NOK (+110.0% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +31.7k NOK → -48.7k NOK (op. margin -3.2% → -49.3%). Calculated
-
↓
Equity eroded
Book equity -41.6k NOK → -139.2k NOK (equity ratio -6.6% → -19.9%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -19.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 917.7k NOK → 221.3k NOK (-75.9% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 284.5k NOK → 130.0k NOK. Reported fact